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External Market Trials (EMT)

External Market Trials (EMT). Daily Update Dave Cavanaugh 10/9/02. Q and A. Questions will be allowed during the presentation via e-mails received at: onlineforums@iso-ne.com As time permits, a Q and A session will be held at the end of the presentation.

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External Market Trials (EMT)

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  1. External Market Trials (EMT) Daily Update Dave Cavanaugh 10/9/02

  2. Q and A • Questions will be allowed during the presentation via e-mails received at: onlineforums@iso-ne.com • As time permits, a Q and A session will be held at the end of the presentation. • Instructions will be provided at that time.

  3. Purpose • Provide a mechanism of consistently communicating the status of the essential components of Standard Market Design (SMD) during External Market Trials (EMT).

  4. Logistics • Details for each component will be provided when appropriate, however due to the extensive amount of information the daily updates may not provide details pertaining to components that are functioning without issue.

  5. Agenda • Recap recent EMT Events • Totals for Participant submitted Market Business • Day-Ahead Market • Regulation /Re-offer • Reserve Adequacy Assessment • Real-Time (System Operations etc) • Web/Reporting • Miscellaneous

  6. Recap of Recent Events

  7. Recap of Recent Events • Day-Ahead Prices have been released for 10/8 and 10/9/02 • Day-Ahead bidding window for last Operational day closed • Preliminary Real-Time Price prices released for 10/8/02 • Regulation floor price released for 10/8 and 10/9/02 • Cut-off for 10/8/02 DA IBT’s was 1300 on10/09/02 • ICAP Supply Auction closes at 2359 on 10/09/02 • A large fixed demand bid (1500 MW) was submitted by a Participant at the Vermont Zone, this created several issues related to price. ISO-NE is in communication with the Participant to review intentions.

  8. Totals for Participant submitted Market Business

  9. Market Business Activity (eMKT) For 10/8/02 TypeTotal MW Dec Bid 70,034.8 Inc Offer 154,293.6 Fixed Demand 65,670.2 Price Sensitive 152,096.3 TypeHourly Average MW Dec Bid 2,918.117 Inc Offer 6,428.9 Fixed Demand 2,736.258 Price Sensitive 6,337.346 For 10/9/02 TypeTotal MW Dec Bid 81,043.8 Inc Offer 73,666.2 Fixed Demand 20,2931.6 Price Sensitive 148,880.6 TypeHourly Average MW Dec Bid 3,376.83 Inc Offer 3,069.42 Fixed Demand 8,455.48 Price Sensitive 6,203.36 For 10/10/02 TypeTotal MW Dec Bid 136,419.8 Inc Offer 57,316.2 Fixed Demand 121,541.5 Price Sensitive 151,903.4 TypeHourly Average MW Dec Bid 5,684.16 Inc Offer 2,388.17 Fixed Demand 5,064.23 Price Sensitive 6,329.31

  10. Market Business Activity (EES) 10/7/02 TypeNumber of Transactions Day-Ahead 20 Real-Time 28 15 of the 20 DA external transactions were approved for in the DA for 10/8/02 10/8/02 TypeNumber of Transactions Day-Ahead 8 Real-Time 9 Short Notice 1 10/9/02 TypeNumber of Transactions Day-Ahead 34 Real-Time 21

  11. Market Business Activity (SMS) As of 10/7/02 TYPE Total DA Energy Confirmed 229 DA Energy Pending 18 External_ICAP Confirmed 0 External_ICAP Pending 0 Internal_ICAP Confirmed 0 Internal_ICAP Pending 0 RT Energy Confirmed 2 RT Energy Pending 8 RT Load Confirmed 0 RT Load Pending 3 RT Regulation Confirmed 1 RT Regulation Pending 1 As of 10/8/02 TYPETotal DA Energy Confirmed 219 DA Energy Pending 10 External_ICAP Confirmed 0 External_ICAP Pending 0 Internal_ICAP Confirmed 0 Internal_ICAP Pending 0 RT Energy Confirmed 2 RT Energy Pending 3 RT Load Confirmed 0 RT Load Pending 1 RT Regulation Confirmed 0 RT Regulation Pending 1 As of 10/9/02 TYPETotal DA Energy Confirmed 107 DA Energy Pending 4 External_ICAP Confirmed 0 External_ICAP Pending 0 Internal_ICAP Confirmed 0 Internal_ICAP Pending 0 RT Energy Confirmed 0 RT Energy Pending 0 RT Load Confirmed 0 RT Load Pending 0 RT Regulation Confirmed 0 RT Regulation Pending 0

  12. Day-Ahead Market (DA)

  13. Clearing DA for 10/9/02

  14. 10/8/02 Vs. 10/9/02

  15. Submitted Vs. Cleared • 10/8/02 Total SubmittedTotal Cleared Decrements 70,034.8 28,367 Fixed 154,294 154,294 Increments 65670.2 1,083 Price sensitive 152096.3 99,969 • 10/9/02 Decrements 81,043.8 32,461 Fixed 202,932 202,932 Increments 73,666.2 5,614 Price sensitive 148,880.6 89,472

  16. Submitting Day-Ahead offers • Due to commitment issues, ISO-NE determined that units that are bid with a positive economic maximum must have a corresponding economic minimum bid of at least 1 MW. As such, ISO-NE has re-declared such bids accordingly for days 1 and 2 of this external market trial. Review of the OI_UNITOPER report will indicate the specific hours of re-declaration. • Participants should ensure that they bid in this manner for the last day of this market trial.

  17. Regulation /Re-offer

  18. Regulation Information • Regulation floor price for 10/9/02 averaged $4.84 • Stats • High Number Hour 1 at $12.66 • Low Number Hours 5 at $0 • Compared to 10/8/02 • Floor $13.46 • High Hour 8 at $27.26 • Low Hours 3-5 at $7.90

  19. Reserve Adequacy Assessment (RAA)

  20. Submitting Re-Offer Information • Thank you for calling the SMD Forecast office to those Participants that made unit commitment/de-commit changes (Self Schedules) during re-offer period. • Contact Numbers: (413) 540-4202 or (413) 540-4406

  21. Real-Time (RT)

  22. Real-Time Preliminary Prices 10/8/02

  23. DA Vs. Real Time for 10/8/02

  24. Web/Reporting

  25. Available Data on the web • Forecast • Forecast System Load • Seven Day forecast • Morning report • Transmission • Outages • Real-Time market External Interface Summary • Daily Interchange of Real-Time Action Request • Real-Time Market Actual Scheduled Interchange • External Flows, Limits and Schedules • Pricing • Current Real-Time Locational Marginal Pricing • Real-Time Locational Marginal Pricing • Day-Ahead Locational Marginal Pricing

  26. Hourly Real-Time LMPs • Preliminary hourly real-time LMPs will be posted after the operating day has been completed, with the following exception: • Any day where their is not a complete list of data will NOT be available until ISO-NE reviews the available data and processes it through the appropriate pricing tool to provide the most accurate number possible. Once this has been completed the pricing will be published.

  27. Miscellaneous

  28. User Interface Validations • ISO-NE is aware that some error checking that is performed via the eMKT UI is not being done with respect to XML uploads. As such, ISO-NE is working with our vendor to close the gap in this area. We appreciate your patience here.

  29. FTR Data • EMT 2 FTR assumptions to be posted to FTP site on Monday 10/14/02. • ISO New England to have Secure FTP (sFTP) server in place for Go-Live.

  30. Settlement Information • Due to financial system constraints, the publication of the Bill process can not start until the 11/1/02. Therefore the final Bill can not be published until 11/6/02 instead of on 11/1/02 as originally planned.

  31. Reminder of what’s next • Real-Time Internal Bilateral Transactions for 10/8/02 must be confirmed before 13:00 on 10/10/02 • Cut-off for 10/9/02 DA IBT’s is 1300 on10/10/02 • Regulation and re-offer period opens at 1600 • Regulation results publish at 2200 • 10/10/02 at 1330 next On-line EMT 1 briefing

  32. Answers

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